FORT WORTH, Texas— American Airlines is giving pay raises to its pilots and flight attendants, who have complained they are paid less that peers at other airlines. Shareholders get leftovers, "wrote Citi analyst Kevin Crissey in a note to clients. Investors showed their displeasure by sending American Airlines shares down 7.3 percent to $43 in morning trading.
Jon Najarian finds some bullish options activity in Morgan Stanley, and updates his General Dynamics trade from 2 weeks ago.
Rising global interest rates will diminish the attractiveness of bonds, but emerging market debt can still be a strong play, a Morgan Stanley executive told CNBC.
NEW YORK— Hewlett Packard Enterprise says Klaus Kleinfeld, who was ousted as chairman and CEO of Arconic after sending a threatening letter to that company's largest shareholder, resigned from its board of directors. He resigned from Morgan Stanley's board Friday. Last week the hedge fund Elliott Management, which pushed Arconic to replace Kleinfeld for...
NEW YORK— Klaus Kleinfeld, who was ousted as CEO of Arconic after sending a threatening letter to the company's largest shareholder, has resigned from the board of directors of Morgan Stanley. Arconic announced Kleinfeld's exit Monday. The hedge fund Elliott Management, which for months pushed Arconic to replace Kleinfeld, published a letter it said Kleinfeld...
Klaus Kleinfeld has resigned from Morgan Stanley's board, effective immediately, and will not stand for election at its annual meeting.
NEW YORK— U.S. stocks slumped Friday as financial and health care companies moved lower. "I don't think anything's actually going to happen or be implemented any time soon," said Scott Wren, senior global equity strategist for the Wells Fargo Investment Institute. He said he thinks a corporate tax cut is more likely to pass Congress and become law than a tax cut for...
Executives' optimism is dimming with the lack of regulatory reform from Trump, according to an analysis of first-quarter earnings calls.
Morgan Stanley, up 83 cents to $42.04. IBM Corp., down $8.36 to $161.69. Intuitive Surgical Inc., up $48.60 to $807.94.
Companies are feeling pretty good about the economy and that should allow for a good year for the market, Katz said.
U.S. equities closed mostly lower on Wednesday, with IBM and oil prices pushing down the Dow Jones industrial average.
David Katz shares his market views in an interview on CNBC's "Power Lunch" Wednesday.
The Dow fell about 119 points and the S&P dropped four points while the Nasdaq closed about 14 points to the upside.
CNBC's Wilfred Frost reports the moves in Morgan Stanley's stock following its earnings report.
One strategist seeks two major risks that could derail the market rally.
Morgan Stanley didn't just hit its earnings target, it hit it out of the park, confirming that chief rival Goldman Sachs made a mess in the first quarter.
One technician sees three key chart indicators that suggest Morgan Stanley will move higher.
A weak showing by IBM also weighed on technology stocks Wednesday and tugged the Dow Jones industrial average lower. IBM slumped 4.9 percent after reporting revenue that fell short of analysts' estimates. Among energy companies, Marathon Oil dropped 4.3 percent and Newfield Exploration sank 3.5 percent.
The "Squawk on the Street" crew talk about Morgan Stanley's quarterly numbers which shows profits up 74-percent, and CEO James Gorman calling it one of the firm's strongest quarters in recent years.
U.S. stock index futures pointed to a higher open on Wednesday as earnings season continued.